GUANGZHOU CITY, China, March 1 -- Subaye, Inc., (OTC Bulletin Board: SBAY)("Subaye" or the "Company") a leading video advertising, importer, exporter and entertainment media company in China, announced the acquisition of 12,200 new members for its http://www.subaye.com/ video advertising web portal. The new members are a result of the Company's acquisition of three additional websites, each of which maintains an active online business community generally focused on customers in different industries within Guangdong Province, China.
Zhiguang Cai, Chief Executive Officer stated, "We are pleased to acquire these web properties and we look forward to working with the new members. The acquisition represents a significant addition to our total membership. This year we are working to integrate new technologies such as the 3D online mall but we are also intent on expanding our customer base, converting a significant portion of our non-paying members who have been offered a free trial period and also by attracting new members both through aggressive marketing efforts and through acquisitions or similar transactions."
About Subaye, Inc.
Subaye, Inc. ("Subaye" or the "Company"), is a leading video advertising and entertainment media provider in China. Subaye's platform includes production, upload, storage, sharing and publishing onto video sharing websites. Subaye also offers SaaS business solutions and is in the process of developing what Subaye believes is the first online shopping mall in the world that will utilize 3D imaging throughout the online customer interface. Subaye's video sharing services, SaaS solutions and its online shopping mall will be fully integrated in 2010. Subaye's members will use Subaye's SaaS online content management software to manage their online video and graphic showcases, maintain customer data and to manage operations within their webshops at the online shopping mall. These showcases offer a cost-effective venue for small to mid-size enterprises ("SMEs") to advertise their products and services and establish and enhance their corporate brands. The visitors of Subaye's websites, namely http://www.subaye.com/ , view the video showcases for Subaye's members in order to select products or services they wish to purchase. Additional services such as general education and basic online media promotions are provided through the Company's websites or through licensing arrangements. As of February 28, 2010, Subaye had approximately 76,000 total members. Paying members pay a fee to the Company of approximately $120 a month. Nonpaying members were offered services at http://www.subaye.com/ for free for varying amounts of time. The Company speaks with these members as frequently as possible and is attempting to convert these members to paying members during 2010.
Subaye also utilizes its experience and contacts within the entertainment media industry in Asia to produce and place advertisements on behalf of its customers. Subaye's management also routinely invests the Company's funds in entertainment productions in Asia.
Subaye's trade services are offered to customers based in Asia, North America and Europe. These customers order products through Subaye and ship products both domestically within China and internationally. Subaye's trade services provide solutions for both importing and exporting transactions.
For further information on Subaye, Inc., please visit http://www.subaye.net/ . You may also register to receive Subaye's future press releases or request to be added to the Company's distribution list by contacting James Crane by email at email@example.com.
Certain statements contained herein constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, estimates and projections about Subaye, Inc.'s industry, management's beliefs and certain assumptions made by management. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Because such statements involve risks and uncertainties, the actual results and performance of the Company may differ materially from the results expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Subaye, Inc.'s operations are conducted in the People's Republic of China ("PRC") and, accordingly, are subject to special considerations and significant risks not typically associated with companies in North America. These include risks associated with, among others, the political, economic and legal environment and foreign currency exchange. The Company's results may be adversely affected by changes in the political and social conditions in the PRC and by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion, remittances abroad, and rates and methods of taxation. Other potential risks and uncertainties include but are not limited to the ability to procure, properly price, retain and successfully complete projects, and changes in products and competition. Unless otherwise required by law, the Company also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here. Readers should review carefully reports or documents the Company files periodically with the Securities and Exchange Commission.
For more information, please contact:
James Crane, Chief Financial Officer
P.R.C. Cell: +86-186-0125-0891
U.S. Office: +1-617-699-6325
Source: Subaye, Inc.
CONTACT: James Crane, Chief Financial Officer, P.R.C. Cell,
+86-186-0125-0891, or U.S. Office, +1-617-699-6325